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Single Tenant Retail
Burger King
24456 SUSSEX HWY | SEAFORD, DE
Listing Price: $2,260,870
Cap Rate
5.75%
Net Operating Income
$130,000
Lease Type
NNN
Lot Size
1.09 Acres
Rentable SF
2,900 SF
Guarantor
Franchisee
Year Built
2018
Investment Highlights:
Exclusivley Listed By:
SENIOR MANAGING DIRECTOR INVESTMENTS
DERRICK DOUGHERTY
(215) 531-7026
BRAND NEW 20 YEAR LEASE WITH LONG TERM HISTORICAL OCCUPANCY
» Tenant has operated successfully at this location for over 45 years and reaffirmed its commitment by executing a new 20-year lease.
FULLY NNN FEE SIMPLE LEASE | DEPRECIATION BENEFITS
» Zero landlord responsibilities paired with fee simple ownership and tax depreciation benefits.
NOI GROWTH
» 10% rent escalations every five years throughout the base term and all renewal options.
PRIMARY CORRIDOR WITH EXCELLENT VISIBILITY
» Located on Sussex Hwy (U.S. Route 13), a primary regional thoroughfare with over 35,000 vehicles per day.
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